The Panini Blockchain will open the Ethereum bridge to users at 8 AM Central Time on March 30 (Monday), allowing users to transfer digital collectibles from the Panini wallet to a self-custody wallet. After that, these cards can be stored in the user's wallet and bought and sold on the OpenSea platform.
In December last year, Panini America conducted a series of tests, minting the first cards on the Ethereum mainnet and selling them on the OpenSea platform, after which these cards were sent back to the Panini blockchain. When a card is minted on Ethereum, the original Panini digital card is locked in Panini's custodial system to ensure that only one version of the card can be traded at a time.
Shortly after achieving the most successful secondary market sales year (including digital packs and digital cards) in history on the Panini Blockchain, The Bridge went live.
Panini America CFO Robert Hull stated: “The Panini blockchain market has been thriving, and now it’s time for our customers to experience self-custody and have the opportunity to sell goods on a recognized Web 3.0 marketplace.”
By partnering with OpenSea, Panini has opened a market that uses the same indexing method as its platform, where OpenSea customers will see verified checkmarks and a complete transaction history from the Panini blockchain and Ethereum.
OpenSea Partnerships Lead Oliver Maroney stated: “Bringing officially licensed cards to the blockchain is a natural progression for this category, and we are honored to be the exclusive trading platform for Panini digital collectibles and welcome their passionate collector community to join OpenSea.”
The bridge also allows users to transfer Ethereum cards from their self-custody wallets back to the Panini platform to participate in events and sell on the Panini marketplace, after which Ethereum cards will be hosted by Panini.
The bridge is only for the transfer of digital cards; unsealed digital packs cannot be transferred outside the Panini Blockchain platform.
At the launch event, Toikido's Bad Eggs Prizm series (Series 1 and Series 2) will go live for a transition and provide opportunities for testing, optimizing, and ensuring the best experience for collectors.
“This is an important step in expanding the Bad Egg Co. ecosystem.” Toikido CEO and Chief Egg stated: “Achieving interoperability through the Panini platform will provide greater flexibility for our community and unlock new ways to interact and trade collectibles across platforms.”
More collectibles will be unlocked after launch.
About Panini America
Panini America is a subsidiary of the Panini Group, which was established over 60 years ago in Modena, Italy, and has numerous subsidiaries in Europe, Latin America, and the United States. Panini is a leader in the global official licensed collectibles sector and is the most significant publisher of collectibles in the United States, holding official licenses for important IPs from FIFA, WNBA, WNBPA, NASCAR, NWSL, NSWSLPA, LIV Golf, professional fighting leagues, collegiate sports, Disney, and many other licensors.
Panini is also the exclusive trading card and sticker partner of the Pro Football Hall of Fame, Naismith Basketball Hall of Fame, Elite 11, and Pop Warner Little Scholars Inc.
Panini has distribution channels in over 150 countries with more than 1200 employees. For more information, please visit:
www.paniniamerica.net
www.paninigroup.com
http://blog.paniniamerica.net
You can also follow Panini America on social media platforms like Facebook, Twitter, YouTube, and Instagram.
About OpenSea
OpenSea is the world's first and leading NFT marketplace, currently offering token trading, cross-chain swaps, and a comprehensive portfolio integrating various blockchain digital assets. OpenSea's goal is to enable everyone to easily, openly, and conveniently own digital assets and continuously build an infinite future for digital assets.
To date, the platform has facilitated transactions worth billions of dollars. For more information, please visit opensea.io.
About Bad Egg Company
Bad Egg Company is a cross-media entertainment brand covering animation, products, and licensing, with a core focus on community. Bad Egg Company is known for its bold and alternative style, redefining how digitally-driven IP connects with audiences.
About TOIKIDO Limited
Toikido is an entertainment company focused on cross-platform creation, development, and distribution of original IP. With a vibrant narrative style, Toikido brings imaginative worlds to life through games, toys, and digital content, captivating audiences around the globe.
Content you care about from OpenSea
Browse | Create | Buy | Sell | Auction
Follow the OpenSea Binance channel for collectibles
Stay updated with the latest news